CONTROLS: Gloomy Gus to the Contrary

The first cut in steel for autos,
television sets, stoves, etc. was made last week by the National
Production Authority. Said NPAdministrator Manly Fleischmann: starting
April 1, producers of durable consumer goods will have to get along
with 20% less steel than they used in the first half of 1950; after
July 1 the cut will be 30%.

Despite the cut, Fleischmann said that durable goods would continue to
roll off U.S. production lines "in most instances at levels never
attained before 1949 and 1950." Even the pace-setting auto industry
will not...